Dead end. The Accounting Chamber did not evaluate the programs of the Bank of Russia

Dead end. The Accounting Chamber did not evaluate the programs of the Bank of Russia

The main thing is not the result



The Accounts Chamber of the Russian Federation very effectively criticized the activities of the Bank of Russia in developing financial markets. With affordable loans in Russia, a complete collapse, banks, even large ones, cannot be considered really stable; most entrepreneurs have practically ordered access to financial markets.

These are the results of a study of the already implemented Central Bank of the Russian Federation program for the development of financial markets, if formulated directly and fairly harshly. The Central Bank of the Russian Federation, as you know, completed the first such program in 2018, and now it implements the second one, designed for a period of up to 2021. However, there are very big doubts about whether the Central Bank will draw appropriate conclusions from the “counters” criticism.


The auditors finally voiced much of what independent experts have repeatedly talked about and wrote to the media, including Military Review (“Our Central Bank is the most central bank in the world. Who does he serve? ” According to the factor “Development of the financial market”, which the Central Bank of the Russian Federation programs are oriented to, Russia remained in 95th place.

These are data from the World Economic Forum for 2018-2019. only confirm the conclusions of Russian auditors: a significant lag behind developed countries still has a place to be. True, according to the global competitiveness index, Russia managed to rise from 45th place to 43rd among 141 states.

Auditors of the Accounts Chamber note that many of the goals set by the Central Bank for the development of the financial sector have not been achieved. Whether they will be achieved by the end of 2021, the report does not say. But it is written that in the programs for some reason it is said that, in fact, no one asked the bankers.

It is difficult to say whether the goal of the country's main credit institution is to ensure economic growth and improve the quality of life of citizens. It seems to be written in the Central Bank’s program on the basis of the old bureaucratic principle: “Make me beautiful,” but in fact - so that less attention is drawn to the solution of more specific, applied tasks, as the auditors say.

The report of the joint venture of the Russian Federation also rightly noted that the Russian financial market has “significant reserves” to accelerate economic growth. And this despite the fact that from the analysis of the Accounts Chamber specialists it follows that from seven indicators of the financial sector development for 2016–2018. the goal was achieved only one thing - the ratio of insurers' assets to GDP.

All the others, including the ratio of banking sector assets to GDP, loans to the economy to GDP, pension savings to GDP, the ratio of insurance assets with an assessment of potential risks, and others, according to the report, only got worse. From the report of the auditors of the joint venture of the Russian Federation, the conclusion involuntarily suggests that the financial market, instead of developing, receives an incentive only to curtail its activities.

And this should already be regarded as a direct long-term result of the efforts of the Central Bank. Although they immediately hastened to answer the office of Mr. Kudrin, that the reduction in the number of banks is a global trend. But to whom it is easier from this ...

However, Ms. Nabiullina considered it necessary to personally note that unscrupulous and unstable participants, who practically do not affect the sector, continue to leave the market. At the same time, the head of the Central Bank also decided to draw attention to the fact that now the Bank of Russia’s interaction with the government has been quite effectively established.

Old accounts


So, now the relationship with the cabinet has been established - it’s hard here to disagree with Elvira Sakhipzadovna. Should she not know how difficult the contacts of the economic bloc of the government with the main credit institution were before she joined the Central Bank of the Russian Federation.

Therefore, it must be recalled that earlier the careers of the current leaders of the Accounts Chamber and the Central Bank intersected in several other areas. Multiple candidate for the premiere, Alexei Kudrin, for a very long time, since 2000, headed the Ministry of Finance, and from 2007 to 2011 even confidently combined this post with the post of deputy prime minister.


Around the same time, from 2007 to 2012, Elvira Nabiullina was in charge of the Ministry of Economy, which under her was transformed into the Ministry of Economic Development and Trade, which in itself is very significant. The department has reached a completely different level of authority and capabilities.


The Ministry of Finance, unlike the Central Bank, the lender and the regulator, is a large federal box office, which is supposed to distribute budget funds to ministries and departments. And the Ministry of Economic Development is just one of the recipients of budget billions, and one of the largest.

So, under Nabiullina and Kudrin, these two giants dived with enviable regularity, and mainly not because of the volumes, but because of the timing of the receipt of funds. A clash from new positions was almost inevitable, although there is still no talk of a full-scale verification of the Bank of Russia.

If such a political heavyweight as Sergei Stepashin, when he headed the Accounts Chamber, turning it into the main controlling institution of the country, the entrance to the Central Bank of the Russian Federation was ordered, what can we say about his successors! With all the authority of Tatyana Golikova and Alexei Kudrin, they lack primarily charisma.

To look into the future? Not the first time


As a result, the Auditors of the Accounts Chamber had to confine themselves to checking the implementation of the financial markets development program. For many years, auditors of the joint venture of the Russian Federation simply pointed to the door when they tried to figure out at least the past merits of the Central Bank.

Moreover, the refusal was invariably argued by the fact that for such structures as the Bank of Russia, the international practice of independent audit was adopted. And even the auditors were called, the entire world four at once: Price Waterhouse Coopers, Deloitte Touche Tohmatsu, Ernst & Young, KPMG.


Why this practice is accepted and why it should even have been enshrined in the federal law “On the Central Bank” is not easy to understand. They say that sometimes even experts do not understand this. And what this practice contradicts with the usual audits of the Russian auditor is also not clear. And there is probably something in the past of the Central Bank that Russian auditors cannot understand.

Is that why the Accounting Chamber decided to go from the other end - to look into the future? The fact is that one of the programs of the Central Bank in the main areas of development of the financial market has already been completed, and, as already mentioned above, has not produced the expected results, and the second, designed for 2019-2021, as you can understand, is still being implemented.

It is its contents that concern the main strategic comments of the auditors. We still have no idea about the financial situation of our state and semi-state banks. The Central Bank program does not seem to say a word about this at all. Turning the banking system into a twenty, at best thirty chosen ones, has already become a reality.

How it works at all can be judged only by a whole series of mostly indirect features that cannot be called positive. And the first of them, as in the years of high inflation, remains an overstated credit percentage. With official inflation significantly lower than 4 percent, credit funds due to overstated bank rates, starting with the key one from the CBR, remain simply inaccessible to a wide range of recipients.

Is it any wonder that small and medium-sized businesses in Russia continue to be curtailed, just like the financial services business? A widely advertised decline in mortgage interest is actually still very far from a really decent level. Not to mention the Soviet half percent per annum for buyers of cooperative apartments!

Having practically finished a large-scale cleansing of the banking sector, the Central Bank of the Russian Federation has not decided what “reorganization” is and what constitutes anti-crisis or anti-sanction management of problem banks. We still have not been told what exactly are “toxic assets”, which literally scared financiers for a long time.

Recently, they seem to have forgotten about “toxic” assets, they even say little about “risky” ones, owning which no one is safe from sanctions or from depriving the CBR of a license. The Accounting Chamber almost the first thing noted a significant reduction in the number of financial institutions. Most of them are banks, although the insurance sector has also become catastrophically behind the real needs of the market.
Author:
Ctrl Enter

Noticed a mistake Highlight text and press. Ctrl + Enter

41 comment
Information
Dear reader, to leave comments on the publication, you must to register.

I have an account? Sign in

  1. Far B 29 January 2020 05: 49 New
    • 8
    • 5
    +3
    It's funny Kudrin, the father of "kudronomiki", now with such rapture to the nines, he nonsense his own creation)))
    1. Uncle lee 29 January 2020 05: 56 New
      • 8
      • 1
      +7
      Exactly ! Kudrin vs Nabibullina! And both kids of Gaidar! Wonders !
      1. WILL 29 January 2020 06: 15 New
        • 17
        • 2
        +15
        The atmosphere has changed! wink each for himself!
        The first step to break the deadlock is to say goodbye .... to Elvira Sahipzadovna Nabiullina! Better - Come on!
        1. Uncle lee 29 January 2020 06: 17 New
          • 7
          • 1
          +6
          Quote: ANIMAL
          say goodbye

          And not goodbye, but FAREWELL! And to so many!
          1. Lexus 29 January 2020 15: 02 New
            • 7
            • 1
            +6
            And not goodbye, but FAREWELL! And to so many!

            Better so - "be in the Kolyma ..."
        2. vladimirvn 29 January 2020 09: 48 New
          • 7
          • 0
          +7
          Temporary workers because everywhere and in everything. Chasing the number of banks is also not an option. You need to improve quality, and not chase quantity. The more of them (banks), the less control. And so the banks have one-day trials, a common thing, schemes for cashing state. funds, money withdrawal abroad, non-transparent loans to the right people, fictitious bankruptcies, etc., etc. No one is interested in raising the country and improving the life of its population. There have always been, are and will be, WE and THEY. And the interests, goals, we have are different.
      2. Starover_Z 29 January 2020 07: 44 New
        • 1
        • 0
        +1
        Quote: Uncle Lee
        Exactly ! Kudrin vs Nabibullina! And both kids of Gaidar! Wonders !

        But:
        At the same time, the head of the Central Bank also decided to draw attention to the fact that now the Bank of Russia’s interaction with the government has been quite effectively established.

        But only with whose interest is the government, since the auditors painted such a bleak picture ?!
        1. Mestny 29 January 2020 09: 00 New
          • 5
          • 1
          +4
          With the government of Medvedev. This government is no more - here are the auditors and paint a picture.
          What is incomprehensible here?
          1. Genry 29 January 2020 15: 20 New
            • 1
            • 0
            +1
            Quote: Mestny
            What is incomprehensible here?

            1. Mestny 29 January 2020 15: 38 New
              • 1
              • 1
              0
              What is this nonsense?
              1. Genry 29 January 2020 15: 40 New
                • 1
                • 0
                +1
                Quote: Mestny
                What is this nonsense?

                What should I answer your empty question?
      3. Paul Siebert 29 January 2020 09: 58 New
        • 4
        • 1
        +3
        Yeah - the sheep’s fight with the goat ...
        Bees versus honey.
        It’s convenient to blame your opponent for the failure, knowing that he blames you.
        And then in the evening in a cozy restaurant together giggle gaily over the near ...
      4. Ross xnumx 1 February 2020 05: 29 New
        • 1
        • 0
        +1
        Quote: Uncle Lee
        Exactly ! Kudrin vs Nabibullina! And both kids of Gaidar! Wonders !

        Wonders? But what Kudrin-a friend of Putin does not surprise?
        Quote: ANIMAL
        say goodbye .... to Elvira Sahipzadovna Nabiullina! Better - Come on!

        How firmly entrenched was the belief in a “good king” and “evil boyars” ... fool It is necessary to disperse this shoble, trying to surprise the Russian people with new projections and personnel changes.
        Quote: ANIMAL
        The atmosphere has changed! each for himself!

        Yes Yes Yes...
        Then they changed places:
        She is up (to the Central Bank), and he is down (to the Accounts Chamber).
        And two hours (several years) were still “played”,
        Well, and in our opinion-they mocked the Russian people ...
    2. Mavrikiy 29 January 2020 05: 59 New
      • 1
      • 0
      +1
      Quote: Far In
      It's funny Kudrin, the father of "kudronomiki", now with such rapture to the nines, he nonsense his own creation)))

      What to do. New epaulets, new songs. repeat
      1. Aerodrome 29 January 2020 06: 33 New
        • 6
        • 3
        +3
        Dead end. The Accounting Chamber did not evaluate the programs of the Bank of Russia
        against the IMF?
        1. bessmertniy 29 January 2020 07: 40 New
          • 6
          • 0
          +6
          Our financiers, with their jokes and experiments, have clearly shown how the most promising Russian economy in the world can show stagnation instead of high economic growth and fail. negative They are the main culprits in the impoverishment of the country's population, since their financial regulation led to the appearance of millions of beggars.
        2. Lexus 29 January 2020 15: 25 New
          • 3
          • 0
          +3
          against the IMF?

          Right "on the attack" rushed. Otherwise, why throughout the entire “decaying West” did they create “family” centers of resistance and send relatives there? request The most expensive and expensive ones were thrown into the battle, they entered from the trump cards. soldier laughing
    3. DenZ 30 January 2020 08: 35 New
      • 1
      • 0
      +1
      Much funnier is another, namely why Russian auditors cannot check the CBR. Of all the irons, they say that the prerogative of international law on Russian laws is inadmissible, and here such a hochma we ourselves have no right to check our own Central Bank. And it’s not the charisma of Kudrin or someone else to blame here (I do not agree with the author of the article) - you just need to change the part of the legislation that concerns the Central Bank. and check our Central Bank ourselves. For rent, we learn a lot of things that some will sit seriously and for a long time. But where are these legislative changes? This is complete deathly silence.
  2. Vladimir_2U 29 January 2020 06: 27 New
    • 6
    • 4
    +2
    The author of the article does not consider the option of managing the ENEMIES of Russia by the Central Bank of the Russian Federation.
    1. bessmertniy 29 January 2020 07: 42 New
      • 4
      • 1
      +3
      And why should someone from abroad manage them when they themselves are enemies !? And they suit the West. The West claps their hands for how they dirty their country.
    2. Ross xnumx 1 February 2020 05: 32 New
      • 0
      • 0
      0
      Quote: Vladimir_2U
      The author of the article does not consider the option of managing the ENEMIES of Russia by the Central Bank of the Russian Federation.

      And there are no options. The Central Bank of the Russian Federation is stubbornly pursuing a policy of pursuing the Russian economy with key rates and inflation forecasts ...
  3. samarin1969 29 January 2020 06: 31 New
    • 7
    • 0
    +7
    The author usually expresses his thoughts more clearly. The headline is intriguing. And at the exit, they saw that Nabiullina was to blame for crushing the cash-out offices of regional elites like cockroaches and refusing to flood the market with cheap resources. Given the level of interaction between the Russian Federation and international financial institutions, no one would have allowed Russia to avoid the "playful pens" of an international audit.
    There is no enthusiasm about the role of the Central Bank. But the accusations of Kudrin / Podymov are too superficial.
    Now, if you see a detailed analysis of the placement of gold reserves and statistics on calculations for financing the largest "ever-saving" borrowers ... And how, mm Nabiullina controls the "withdrawal" of money from Russia. And then the economy "stagnates" - and even the white "rent" of the real owners of Russia simply "shakes" from profits. It would be interesting. what
  4. rocket757 29 January 2020 06: 33 New
    • 5
    • 0
    +5
    Accounts Chamber counted!
    With affordable loans in Russia, a complete collapse, banks, even large ones, cannot be considered really stable; most entrepreneurs have practically ordered access to financial markets.

    The question is, how do the state, industry, business and people survive in such a situation ???
    Not clear!
    1. bessmertniy 29 January 2020 07: 44 New
      • 2
      • 0
      +2
      And what is incomprehensible. The answer is in your question - they survive, not live. hi
      1. rocket757 29 January 2020 08: 35 New
        • 2
        • 0
        +2
        For us it is almost normal, to survive not for, but in spite of!
        That's it ... if you like it or not, you’ll become a complete cynic, or something!
      2. depressant 29 January 2020 09: 16 New
        • 6
        • 3
        +3
        Many financial experts have long agreed that the Central Bank has a devastating effect on the Russian economy and on the life of our society as a whole.
        Ordinary banks do not print money themselves, which is natural - they take money from the Central Bank, but at extortionate interest, which has practically no place in other countries. Naturally, under even more predatory interest, they are forced to lend them to small and medium-sized businesses and citizens - you won’t especially roll your lip to take it. The country suffocated from lack of money. Despite all the calls of the government to develop small and medium-sized businesses, which in developed countries sometimes provide even up to 70% of GDP, in our country over the past few years it has rapidly decreased to just over 20%, and there is a threat that it will continue to decline - in many In cases, small and medium-sized businesses cannot be credited at such a percentage. And now we are no longer talking about its rapid development, but at least an increase of 0,8%. Small entrepreneurs go into self-employed. This means that they cannot expand their production, but on the contrary reduce it to “invisible” limits for the tax service. Naturally, there is a reduction in staff. Hence the rise in unemployment. As for ordinary citizens who thoughtlessly or by virtue of circumstances took loans, in many cases they are able to service not the loan body, but the interest on it - Kabbalah for the rest of their lives, which may even go to the heirs. Hence the working poor.
        And this is only part of the grave consequences of the unseemly activities of the Russian Central Bank.
        1. bessmertniy 29 January 2020 10: 09 New
          • 3
          • 1
          +2
          An ill-conceived economic policy has squeezed a large layer of business into the shadow economy, where the state’s benefit simply “rests”. hi
  5. Ryaruav 29 January 2020 07: 12 New
    • 4
    • 1
    +3
    this is what needs to be changed in the constitution - articles on the independent (or rather dependent on the imf) central bank of Russia
  6. steelmaker 29 January 2020 07: 49 New
    • 5
    • 2
    +3
    “But at the same time, it’s not a government body for securities. This means that the Central Bank is not responsible for the activities of the state. If the state goes bankrupt and the Central Bank has substantial gold and currency reserves, this does not mean that the Central Bank must repay by these means the state’s debt is also not responsible for the obligations of the Central Bank.
    But the main banking institution of the state still commands money in the country with the only difference that the Central Bank cannot print as much money as the country needs. This fact is explained by the fact that the Central Bank is subject to the rules of the International Monetary Fund, of which Russia became a member in 1992. "
    https://myrouble.ru/chto-takoe-centrobank-rossii/
    You have to be honest until the END!
    1. Golovan Jack 29 January 2020 08: 11 New
      • 6
      • 10
      -4
      Quote: steel maker
      If the state goes bankrupt, and on the balance sheet of the Central Bank there are substantial gold and currency reserves or currency reserves, this does not mean that the Central Bank must repay the state debt with these funds

      And what's wrong with that?

      Quote: steel maker
      Also, the state is not liable for the obligations of the Central Bank

      And rightly so.

      Quote: steel maker
      You have to be honest until the END!

      So be it - add that from the piece, ahem, the article that you posted here, you only understood that you, again, ahem, were fooled.

      And you cheated just in this article laughing
    2. depressant 29 January 2020 10: 02 New
      • 4
      • 2
      +2
      Not only that, colleague!
      Indeed, many people believe that the harsh statements of some financial analysts that the Central Bank of Russia is not so much managed by the International Monetary Fund, but rather managed by the US Federal Reserve, are conspiracy theories. In fact, this is so. Why? Yes, because in 2013 the Central Bank of Russia received the status of a mega-regulator. This status has the central banks of Kazakhstan, Armenia, Georgia, the Czech Republic, the Baltic countries. That is, countries that have made themselves dependent on the United States. And we signed up there. That’s why the United States, as the owner of dollars, through the IMF endowed the central banks of these countries with such a pleasantly caressing ear, with such an “honorary” title as a “mega-regulator” - what sounds like it, doesn't it? - put these central banks in direct dependence on themselves, managing them through the IMF. But in fact, through the IMF, our Central Bank is controlled by world banking capital in the form of such a vile organization as Basel-Sh, a bunch of financial oligarchy, mostly state-owned, regulating the flow of foreign investment in our country and dictating to the Russian Central Bank what and how to do it. Basel III applies to central banks the rules for the formation of reserves for possible, rather than incurred, losses. Hence the behavior of our Central Bank, which rakes everything into a small egg, a significant part of which turns into dollars, and, according to the apt remark of analysts, languishes over it like a scythe over gold, preventing the country from developing. That is, in financial policy, we were completely dependent on the world banking oligarchy, which means the United States.
      I suppose that was the reason for the amendment to the Constitution on the advantage of our laws over international ones.
      By the way, Kazakhstan has already understood everything and is adopting a law that excludes the mega-regulatory status of its central bank. And we are embarrassed to say it out loud.
      I want to emphasize once again:
      Nabiullina as the head of the Central Bank behaves in accordance with the decision of the Russian government, adopted in 2013, to put our Central Bank under the control of the IMF, which means that under the control of Basel Sh - read the Fed. Where did people have a head?
  7. VicktorVR 29 January 2020 08: 28 New
    • 1
    • 0
    +1
    Will Nabiulina be removed with shame? Or at least without shame?
    And who will be appointed?
  8. ZaharoFF 29 January 2020 08: 48 New
    • 3
    • 1
    +2
    Grunting continues. Real information on the activities of the same CBR is not disclosed. Kudrin continues to measure everything with what is possible and impossible - for whom it is longer. Time is running out, and with it lost opportunities, many of which cannot be returned
  9. Mikhail3 29 January 2020 09: 06 New
    • 2
    • 2
    0
    An article about what these miracles are part of, I will do. But I hope little for its publication, although there will be no conspiracies, no reptilians, or calls for revolution. True, I personally consider the situation in our country hopeless, and given the fact that a significant part of the comments began to be poetry ...
  10. Nitarius 29 January 2020 09: 39 New
    • 0
    • 2
    -2
    I’ll need to take the Central Bank by storm .. otherwise no matter how! OFFICE HORNS AND COPS AND UNDERSTANDING WHICH ARE THEIR PRINCIPLES AT ALL WORKING!
    1. depressant 29 January 2020 10: 24 New
      • 2
      • 1
      +1
      Yes, do not take it by storm. After the adoption of the amendments to the Constitution, among which it is quiet, as if by chance - so as not to raise a hornet’s nest, an amendment on the advantage of our laws over the international ones, the significance of which is not clear to many, has simply been canceled the mega-regulatory status of our Central Bank and put it under legislative control state. And I don’t want this to the enemies of the Russian Federation.
      1. Genry 29 January 2020 15: 06 New
        • 0
        • 0
        0
        Quote: depressant
        you just need to cancel the mega-regulatory status of our Central Bank

        Regulatory functions are you going to give to whom?
        Quote: depressant
        legally put it under state control.

        Here you just need to nationalize the Central Bank or establish the State Bank of Russia, which will be subordinate to the Ministry of Finance, i.e. Russian state (amend the Constitution).
        Now the Central Bank is completely not the state and works in foreign interests, following the instructions of the IMF.
  11. depressant 29 January 2020 11: 37 New
    • 2
    • 2
    0
    I would like to add.
    Representatives of the real sector of our economy, including the military-industrial complex - especially the military-industrial complex! - they well understand that the Central Bank as a mega-regulator is a branch of the Fed. So it directly translates the desire of the United States to suppress the development of not only the entire industry of Russia, but also our military-industrial complex on our economy. But under the Medvedev government, talking about it was taboo - only in a whisper. And the Central Bank and Nabiullina were both praised! What can I say, you all remember this, colleagues. Meanwhile, the Fed, and this joint-stock organization, acting through the IMF, is striving to tidy up the national economies of the world to the greedy hands of its shareholders so that shareholders become their owners, which means the owners of the world. That is, with you, our colleagues, the owners, having finally colonized the country. And when were the colonizers kind? And when slaves warmed the soul of their slavish position? And if the Mishustin government does not agree with the wishes of the Fed shareholders, then let it prepare a law on transferring the Central Bank to state control. It is time to begin the development of the country - we are all waiting! It's time to get out of the semi-colonial dependence on the United States!
    Otherwise, having noticeably outlined a departure from the social state under Medvedev and simultaneously bleeding the military-industrial complex, we will not return to the social path under Mishustin. And if this law does not appear this year, I will know what to expect from the new government. This is a test of the suitability of governing our country.
    And further. Some say: here we open up a small egg and miscalculate all of it. A smart government will not fail, but with a stupid one, have you seen that little bottle? Warming hands on her? Did you feel her gentle warmth?
  12. ANB
    ANB 29 January 2020 17: 38 New
    • 0
    • 0
    0
    Quote: depressant
    Basel III applies to central banks the rules for the formation of reserves for possible rather than incurred losses

    And what other losses, except possible, can be formed reserves?
    The incurred is already a loss. It's too late to rush around laughing
    1. depressant 29 January 2020 19: 32 New
      • 0
      • 1
      -1
      Losses incurred are calculated. When you start a business, you invest money in it, and therefore you know for sure what you will lose, what loss you will incur if the business does not work. The government is well aware that it will lose the National Welfare Fund in the event of an annual crisis, in the case of a two-year crisis (pensions, public sector salaries, social benefits, etc.). Longer crises are now impossible. If there is a developed industry, then it is quickly recovering from the crisis. Our accumulation fund has been inflated, but there is no industry. Money for its creation is not issued. The possible budget losses during the crisis are considered endless, and I assure you that with this approach almost all will be used up. And under this case, perhaps partially stolen. There will be nothing left for the development of industry.
      And so we will continue to live: accumulations in the event of a crisis, industry does not develop, crisis, money is consumed, industry cannot be developed, because we must save for the next crisis, etc.
      Absurdity, right?

      Here is an example from the 90s.
      Many small shopkeepers did not consolidate production, and, without making inventories, piled income in a small capsule in the form of cash. When the 1998 crisis struck, they sold off the insignificant remnants of the goods, closed up, and until the economy recovered, the pods were consumed, and in the spring of next year, when the economy began to revive, no one had given them goods to resume production on credit. Only those who survived before the crisis survived, without storing money, grow into stationary shops, cafes and so on. Having an unspent decent stock of goods, these people worked during the crisis, showing themselves wholesalers reliable partners, and after the crisis they developed production further. Our Central Bank behaves like a stupid small shopkeeper.
      1. ANB
        ANB 29 January 2020 20: 54 New
        • 1
        • 0
        +1
        Yes, everything is written correctly.
        In addition to terminology for losses.
        Possible, these are just the calculated ones. 590P and 611P regulate this (if I did not confuse the numbers for memory)
        Actual losses are too late to reserve.
        Possible reserves are reserved as the amount of the asset * risk factor.
        Banks have no goods, so money is reserved.
        I still remember the shock of default.
        But there were swings in the 90s.
        At first, everyone saved up inventories and engaged in barter.
        Particularly enthralled go broke, as the product does not generate revenue without turnover. Then they started to sell everything and save money. Banks then did not give much credit. Who, by default, got into the plug, sold everything and did not buy it, went bankrupt.
        Who just stocked up on goods / currency rose.
        Well, how were your comments too.